Both power, fertiliser sectors fundamental to economy: Scindia
   
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Both power, fertiliser sectors fundamental to economy: Scindia

Last Updated: Thursday, July 18, 2013, 15:02
 
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Both power, fertiliser sectors fundamental to economy: Scindia
New Delhi: Power and fertiliser sectors are fundamental to the economy and one cannot be ignored for the sake of another, Power Minister Jyotiraditya Scindia said today, a day after a high-powered panel rejected a proposal to cut gas supply to urea plants for feeding energy companies.

The minister also said that his ministry is working with oil and fertiliser ministries for developing a modality to make available fuel to gas-based power plants.

An estimated 8,500 MW of installed power generation capacity based on gas is lying idle in the country due to non-availability of fuel.

A high-powered ministerial panel, yesterday, rejected a proposal to cut natural gas supplies to urea plants and divert that fuel to power companies.

Scindia said that both the sectors-- fertiliser and power -- are vital for the economy. "Both the sectors are fundamental to the economy, "but it cannot be at the cost of one for another," he said.

"We are working with fertiliser ministry as well as oil ministry. Next week we will meet again to look at options in terms of possibilities, so its in progress. The whole EGOM is working out to find out modalities," Scindia told reporters here.

Fertiliser plants would continue to enjoy top priority in receipt of scarce natural gas after an Empowered Group of Ministers (EGoM) headed by Defence Minister A K Antony turned down the proposal that would have resulted in fall in urea production during peak kharif season.

The ministerial panel would meet again on Monday to discuss methodology of making available gas from other sources to power sector in the short term and medium term.

PTI



First Published: Thursday, July 18, 2013, 15:02


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